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Canadian banks overcharge on daily fees study shows
A North Economics report compares Canada’s Big Five banks RBC TD BMO CIBC Scotiabank with UK and Australian banks. It finds Canadians pay higher monthly account fees and multiple charges for non-sufficient funds and ATMs. The study estimates about 7.73 billion dollars in excess income across 2022, about 250 dollars per Canadian.
MENTIONED IN THIS ARTICLE
North Economics
RBC
BMO
CIBC
Scotiabank
U.K
Australia
Alain de Bossart
Canada
de Bossart